Athens is ready to create joint ventures for the construction and servicing of Russian ships in Greek shipyards, according to Greek prime ministerial adviser Dimitrios Velanis. Velanis, who’s an adviser on cooperation with Russia, talked to RIA Novosti ahead of the St. Petersburg International Economic Forum (SPIEF 2018). He’s a member of the Greek delegation which will participate at the forum on May 24-26. According to the official, Greece expects to ink a range of agreements on cooperation in the area of shipping, agriculture and various joint ventures. Greece has ...

After 11 years at the helm, Yong Foh Choi, founder and managing director of shipbuilder Sealink International Bhd, has announced his retirement with immediate effect. The 79-year-old businessman passes the baton to his son and chief executive officer cum deputy managing director Yong Kiam Sam who takes over as managing director on the same day. According to Sealink’s Annual Report 2017, Foh Choi formed Sarawak-based Sealink Sdn Bhd to provide chartering services of marine vessels to non-oil and gas industries in 1993. He was appointed to his current role on ...

Tradepoint Atlantic, a 3,250-acre multimodal global logistics center in Baltimore, Maryland featuring an unmatched combination of access to deepwater berths, railroads, highways and storage space, today announced it has acquired the Sparrows Point Shipyard. In doing so, Tradepoint Atlantic incorporates into its redevelopment project the only parcel of land on the Sparrows Point peninsula that it did not already own – the 150-acre Shipyard, increasing the size of Tradepoint Atlantic’s land from 3,100 acres to 3,250 acres. The Shipyard provides Tradepoint Atlantic additional berth capacity and over 225,000 square feet ...

Croatian shipyard Brodogradiliste 3. Maj [ZSE:3MAJ-R-A] said on Monday it has launched construction of a car carrier for Auto Marine Transport Inc. The vessel, with a load carrying capacity of 17,170 tonnes, will be 200 metres long and 32.26 metres wide, and will be used to transport automobiles and trucks, 3. Maj said in a filing to the Zagreb bourse. The ship will have 13 decks and capacity to carry 7,000 vehicles. The company did not provide further details. Brodogradiliste 3. Maj is 83.15%-owned by Pula-based shipbuilder Uljanik. Source: See ...

Daewoo Shipbuilding & Marine Engineering (DSME) announced on May 21 that the company has signed an MOU with Naver Business Platform (NBP) and Intel Korea to jointly build Smart Ship 4.0 Service Infrastructure. A smart ship refers to a ship that can navigate safely and most economically by finding and analyzing big data on sea routes and weather conditions. In addition, shipbuilders aim at reducing smart ships’ operational costs and boosting their safety by designing them to be controlled by control centers on land rather than by their crew. According ...

Colombo Dockyard PLC (CD) has secured a contract with Toyota Tsusho Corporation (TTC) of Japan to build two vessels; Pilot Station Vessel and Buoy Tender Vessel, for General Company for the Port of Iraq (GCPI). TTC and GCPI signed the contract on April 27 in Dubai, CD said in a media release. TTC is a trading and investing company which is also a group company of TOYOTA. By recognising the potential of CD, TTC decided to collaborate with the Sri Lankan company for this project to compete and submit bid ...

The Pure Car & Truck Carrier Grande Halifax, owned and operated by the Grimaldi Group, has been christened yesterday in Halifax, New Scotia. Godmother of the new vessel was Ms. Karen Oldfield, President and CEO of the Halifax Port Authority. A ceremony took place at Halterm/Autoport with the presence of a distinguished delegation composed of representatives of civil and maritime authorities, among which the mayor of Halifax Michael Savage, Members of Parliament, the honorary consul of Italy in Halifax Marilisa Benigno, port operators, shippers, managers of the Grimaldi Group and ...

Daewoo Shipbuilding & Marine Engineering (DSME) has received a US$260 million order for three very large crude carriers (VLCCs) from Hunter Tankers SA under the Hunter Group in Norway. This contract is part of the optional deal that DSME won in February that also includes an additional order for three vessels expected in the future. The VLCC measures 336 meters long and 60 meters wide. It is an eco-friendly ship that meets the environmental regulations of the International Maritime Organization (IMO), and is equipped with high-efficiency engines and advanced fuel-saving ...

South Korea will place the first order for vessels powered by liquefied natural gas (LNG) by August to support more green shipping and develop associated industries, the oceans ministry said Thursday. The Ministry of Oceans and Fisheries said it is considering orders for two 200,000-ton class bulk carriers, which would sail between South Korea and Australia. The government has been seeking to develop the emerging marine transport sector to comply with the International Maritime Organization’s sulfur cap on bunkers, set to be enforced in 2020. LNG-powered ships are considered an ...

Sri Lanka’s largest shipbuilder, Colombo Dockyard PLC (DOCK), which operates in collaboration with Japan’s Onomichi Dockyard, which owns 51 percent of the company, reported a net loss of Rs.120.3 million for the March quarter (1Q18), as the income from both shipbuilding and repairing slowed. The company was able to narrow its losses significantly during the December quarter (4Q17) to just Rs.192,000. The loss of 1Q18 was against a net profit of Rs.144.6 million reported for the corresponding quarter of the previous year. The loss per share for the period was ...

Daewoo Shipbuilding & Marine Engineering Co., a leading South Korean shipbuilder, said Wednesday it has clinched a US$260 million deal to build three oil carriers for Norwegian Hunter Tankers SA. The shipbuilder did not elaborate on when it will deliver the very large crude carriers to the Hunter Tankers. Daewoo Shipbuilding said it has received about $2.61 billion worth of ship orders so far this year, amounting to 22 vessels, including 13 very large crude carriers. Source: Yonhap

A ban on non-functional sea vessels, especially oil tankers — imposed earlier at the Gadani Shipbreaking Yard — was lifted on Tuesday by Balochistan’s chief minister, Geo News reported. Soon after Abdul Qudoos Bizenjo, the chief minister of Balochistan, announced that the ban was being lifted, the non-functional oil tankers were brought to the shores of Gadani. Captain Tariq Zehri, the director-general (DG) at Balochistan Environment Protection Agency (BEPA), Gadani Shipbreaking Yard is now on the top rank among its peers around the world. Zehri further noted that breaking down ...

Keppel Offshore & Marine Limited (Keppel O&M) has through its wholly-owned subsidiary, Keppel FELS Limited (Keppel FELS), signed a Master Agreement with Borr Drilling Limited (Borr Drilling) for the sale of five jackup rigs for a total value of approximately US$745m. These are existing jackup rigs which are currently being built by Keppel FELS to the KFELS B class designs. The total price of the five rigs excludes any down payments made by the respective original owners. The Master Agreement will become effective upon the satisfaction of certain conditions, including ...

GTT has received an order notification from an Asian shipyard for the design of the LNG tanks of two new LNG carriers (LNGCs). These vessels will be built on behalf of a European shipowner. GTT will design the LNG tanks of both units, each equipped with the NO96 GW containment system proven technology developed by GTT. Their delivery is expected in 2020. Source: GTT

Damen Shipyards Group has signed a contract with Corpetrolsa Group of Guayaquil, Ecuador, for the supply of three tugs; one Stan Tug 1205 and two Stan Tugs 1606. The tugs will be operated by Corpetrolsa subsidiary DLEN S.A. to support its bunkering operation. Corpetrolsa Group operates its own fleet of tankers in the 2,000 to 7,000 DWT range and the three new tugs will be used to assist them in the Ecuadorean ports of Esmeraldas and La Libertad. The vessels were already in stock at Damen Shipyards Gorinchem and will ...